LBank Labs Reveals Novel Investment Strategy to Identify Promising Blockchain Startups
INTERNET CITY, DUBAI, 30th January, 2023, Chainwire
Venture capital and blockchain accelerator LBank Labs has revealed the unorthodox strategy that guides its investment decisions. The investment arm of LBank Exchange was established with a 100 million USDT fund in late 2022. According to LBank Labs, its investment thesis can be summarized as “Platform, Standard, Ecosystem.”
Since being spun out of LBank in October with a $100 million treasury, LBank Labs has been scouting for viable blockchain startups, entrepreneurs, and communities to finance in order to facilitate wider blockchain growth and crypto adoption.
Czhang Lin, angel investor and key member of the LBank Labs board, has disclosed that the crypto VC will roll with the slogan “The Other Angle,” explaining: “It embodies our vision concerning the industry and blockchain investment. We come equipped with a different outlook for identifying promising projects and the entire ecosystem as a whole.”
Labs’ unique investing thesis, also known as the “Platform, Standard, Ecosystem” proposition, diverges with traditional views on the blockchain industry. These typically divide the space into either a tech-centered paradigm (layers), supply-chain fields (mining, exchanges, financial products, media), or sectors (DeFi, GameFi, NFTs).
According to Czhang Lin: “True extraction of value lies in startups that have the potential to deliver a game-changing platform and establish an industry or legal standard and that can bloom into a lively ecosystem hosting third-party applications. Such platforms should include a web3 ideology fit for open collaboration, where users and projects can interact quickly.”
The crypto pioneer believes that during future bull runs, smart money will flow to startups who manage to tick these cross-sector boxes within the industry. Besides venture capitalism, LBank Labs will also commit to increasing educational awareness around blockchain tech, cryptocurrencies, and DeFi in general. On January 13, the blockchain research department of the Seoul-based Chung-Ang university signed a MoU with LBank on blockchain cooperation. Budding researchers and entrepreneurs will be able to intern at the exchange and gain access to incubation for their startups.
LBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 7 million users from more than 210 regions across the world. LBank is a cutting-edge growing platform that ensures the integrity of users’ funds and aims to contribute the global adoption of cryptocurrencies.
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